Thursday, 30 October 2014
Last updated 1 hour ago
Mar 17 2011 | 1:15pm ET
The Ohio School Employees Retirement System will launch its search for a hedge fund consultant in the spring, the public pension said.
The $10.3 billion system earlier this month extended the contract of current consultant Aksia through the end of the year. That arrangement was to expire in August of last year, but SERS has extended it, saying it did not want to run two consultant searches simultaneously.
But the pension is nearing the end of its general consultant search, which began in November; a choice is expected at the end of April. That means that the hedge fund consultant search can get under way later this spring, Pensions & Investments reports.
Aksia will be permitted to bid to stay on; the new search is mandated by pension rules that call for contracts to be put up for bidding every five years.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.